Beige Holdings Limited - Trading Update
BEIGE HOLDINGS LIMITED
(Registration number 1997/006871/06)
(`Beige` or `the company`)
JSE Code: BEG ISIN Code: ZAE000034161
TRADING UPDATE
Shareholders are hereby provided with an update on Beige`s trading to 31 August
2004. Although revenues were higher, headline earnings are expected to be
substantially lower in relation to the comparative period in the prior year,
moving to an expected loss of approximately R200 000 compared to headline
earnings of R1,2 million for the comparable period in the prior year. The
decline in earnings is primarily attributable to continued pressure on gross
margin, partly due to the strengthening of the Rand over the comparative period
relating to export sales and to local pricing pressure. Measures are being put
in place to address local and export pricing. In addition, production for the
Tura contract secured during May 2004 only commenced properly in July 2004 due
to hand over delays, although infrastructure and carrying costs were incurred in
the period. Shareholders are reminded that the company`s business is seasonal
and it has now entered its traditionally busy period.
Full details of the above will be provided when the company publishes its
interim results in November 2004.
The earnings estimate has not been reviewed or reported on by the company`s
auditors.
Johannesburg
06 October 2004
Designated adviser
Arcay Group Limited
Date: 11/10/2004 08:47:41 AM
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